Arnaud Montebourg Criticizes French Austerity Policies

TODAY: Aug. 23, 2014 PUB DATE: Aug. 23, 2014

By William Horobin PARIS--French Economy Minister Arnaud Montebourg said there is an alternative to President François Hollande's tax and spending-cuts plan, as he relaunched an attack on austerity policies in France and the euro zone. In an interview with French ...

Sweden Cuts Growth Forecasts

TODAY: Aug. 23, 2014 PUB DATE: Aug. 23, 2014

By Charles Duxbury STOCKHOLM--Sweden's finance minister Saturday cut the country's economic forecasts, citing the negative effect on exports of slower growth abroad, and said fiscal policy would continue to be used to support the economy both this year and next. ...

Mexican Annual Inflation Rate Steady in Early August

TODAY: Aug. 23, 2014 PUB DATE: Aug. 22, 2014

By Anthony Harrup MEXICO CITY-- Mexico's annual inflation held steady in the first half of August, when higher gasoline and education costs were offset by a drop in vacation-related prices. The consumer price index rose 0.19% in the first two ...

Bullard Again Eyes Late 1Q 2015 Rate Increase

TODAY: Aug. 23, 2014 PUB DATE: Aug. 22, 2014

NEW YORK--Federal Reserve Bank of St. Louis President James Bullard told CNBC Friday that the debate within the central bank is now fully centered on when to end its easy-money policies. "We are pretty close" to achieving the Fed's job ...

Yellen Noncommittal on Rate Move

TODAY: Aug. 23, 2014 PUB DATE: Aug. 22, 2014

JACKSON HOLE, Wyo.--Federal Reserve Chairwoman Janet Yellen pointed to an improving U.S. job market, but was noncommittal about how this progress would affect monetary policy in a speech before global central bankers at an economic symposium here. "The economy has ...

Euro Falls Against Dollar After Draghi, Yellen Comments

TODAY: Aug. 23, 2014 PUB DATE: Aug. 22, 2014

By James Ramage The euro pared earlier losses against the dollar Friday after comments from European Central Bank President Mario Draghi suggested further measures to stimulate the sluggish economy and weaken the common currency weren't forthcoming. The euro traded 0.3% ...

UK Mortgage Market Approvals Expected to Slow

TODAY: Aug. 23, 2014 PUB DATE: Aug. 22, 2014

By Jon Sindreu Mortgage approval figures for July due in the week ahead are set to confirm the cooling down of the U.K. housing market, economists say. "We look for a further increase in July, but at a slower pace ...

CURRENCIES: Dollar Falls Short Of Yen104 Ahead Of Jackson Hole

TODAY: Aug. 23, 2014 PUB DATE: Aug. 22, 2014

By Tatsuo Ito The dollar fell short of breaking through the Yen104 mark on Friday amid growing expectations that U.S. Federal Reserve Chair Janet Yellen will not go beyond what she has previously said about interest rates in her speech ...

European Stocks Pause After Rally

TODAY: Aug. 23, 2014 PUB DATE: Aug. 22, 2014

By Tommy Stubbington European stocks paused from their recent rally Friday with investors awaiting speeches from major central bankers. The Stoxx Europe 600 was down less than 0.1% in early trade. Equities had climbed in Europe on Thursday, despite the ...

Canada Annual Inflation Rate Slows in July

TODAY: Aug. 23, 2014 PUB DATE: Aug. 22, 2014

July Inflation Report =-----------------------------------------=--=--=--=--=--== Key Numbers July June ! Consensus: ! Core Inflation y/y +1.7% +1.8% !Core: +1.9% y/y! Core Inflation m/m -0.1% -0.1% !Headline: +2.2%! All-items CPI y/y +2.1% +2.4% ! ! All-items CPI m/m -0.2% +0.1% !Actual: ! ...

Vector FY14 Net Profit NZ$171.3M, Down 16.9% on Year

TODAY: Aug. 23, 2014 PUB DATE: Aug. 22, 2014

By Rebecca Howard WELLINGTON, New Zealand--New Zealand-based lines network and gas distributor Vector Ltd. (VCT.NZ) Friday reported a sharply lower net profit as price resets to regulated energy networks weigh on revenue. In the year to June 30, revenue fell ...

Yellen Says Job Market Improving but Noncommittal About Policy Effect

TODAY: Aug. 23, 2014 PUB DATE: Aug. 22, 2014

By Jon Hilsenrath and Pedro Nicolaci da Costa JACKSON HOLE, Wyo.--Federal Reserve Chairwoman Janet Yellen pointed to an improving U.S. job market, but was noncommittal about how this progress would affect monetary policy in a speech before global central bankers ...

CURRENCIES: Dollar Falls Short Of Yen104 Ahead Of Jackson Hole

TODAY: Aug. 23, 2014 PUB DATE: Aug. 22, 2014

By Tatsuo Ito The dollar fell short of breaking through the Yen104 mark on Friday amid growing expectations that U.S. Federal Reserve Chair Janet Yellen will not go beyond what she has previously said about interest rates in her speech ...

ECB's Draghi Signals Departure From Austerity Focus

TODAY: Aug. 23, 2014 PUB DATE: Aug. 22, 2014

By Brian Blackstone European Central Bank President Mario Draghi on Friday signaled a departure from the austerity-focused mind-set that has dominated economic policy-making in the euro zone since the onset of the region's debt crisis nearly five years ago, as ...

Oil Futures Rangebound, WTI Hovers Around $94/bbl

TODAY: Aug. 23, 2014 PUB DATE: Aug. 22, 2014

By Eric Yep Crude-oil futures moved in a narrow price range in Asian trade Friday as some market participants think oil may be oversold. On the New York Mercantile Exchange light, sweet crude futures for delivery in October traded at ...

Canada Retail Sales Up Faster Than Expected to Record Level

TODAY: Aug. 23, 2014 PUB DATE: Aug. 22, 2014

By Nirmala Menon OTTAWA--Canadian retail sales grew almost four times faster than expected in June to a record level as the early rounds of the FIFA World cup spurred sales of wine and beer, and consumers also boosted spending on ...